Financial News for the Week Ending August 9th
Stocks gained to end the week as tensions eased on the Ukrainian border. The S&P 500 edged up 0.3% and the Dow rose 0.4%. Internationally, markets suffered major downturns as news of Russia’s pullback on the Ukraine border arrived after market close. Japan sank 4.8% and Europe dropped 2.1% for the week. The yield on 10 year Treasury bonds fell over the week finishing at 2.44% as prices rose.
Over the week AIG, Disney, Chrysler, Fox and Time Warner all reported earnings that topped expectations, while News Corp and McDonalds disappointed investors.
Reposted from the Raffa Wealth Management Blog.
All the news you need to stay informed about what’s currently driving the market – courtesy of Raffa Wealth Management, LLC